{"product_id":"the-great-financial-crisis-john-bellamy-foster-9781583671849","title":"The Great Financial Crisis: Causes and Consequences","description":"\u003cp\u003eIn the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, many--including economists and financial experts--were shocked by the speed at which events unfolded.\u003cbr\u003eIn this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and the implications for the future. They examine the specifics of the housing bubble and the credit crunch as well as situate current events within a broader crisis of monopoly-finance capitalism--one that has been gestating for several decades. It is the \"real\" productive economy's tendency toward stagnation, they argue, that creates a need for capital to find ways to profitably invest its surplus. But rather than invest in socially useful projects that would benefit the vast majority, capital has constructed a financialized \"casino\" economy that neglects social needs and, as has become increasingly clear, is fatally unstable. Written over a two-year period immediately prior to the onset of the crisis, this timely and illuminating book is necessary reading for all those who wish to understand the current situation, how we got here, and where we are heading.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e John Bellamy Foster, Fred Magdoff\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1583671846\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781583671849\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Monthly Review Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/01\/2009\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 144\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.41lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 7.98h x 5.50w x 0.43d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003ePublishers Weekly\u003c\/i\u003e 02\/09\/2009 pg. 41\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 08\/01\/2009\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 05\/01\/2009 pg. 88","brand":"John Bellamy Foster","offers":[{"title":"Paperback","offer_id":43989329805567,"sku":"9781583671849","price":12.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_60ddd986-749a-4e24-984f-894bb87c7a83.jpg?v=1683298898","url":"https:\/\/www.whiterainbookhouse.com\/products\/the-great-financial-crisis-john-bellamy-foster-9781583671849","provider":"WR Book House","version":"1.0","type":"link"}